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Vida Commercial Partners Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 822643740 ✦ Denver, CO ✦ Designated as a 501(c)(3)

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Overview

What is Vida Commercial Partners Inc?

Vida Commercial Partners Inc is a nonprofit organization that primarily works in collaboration with the Housing Authority of the City and County of Denver, Colorado. Their mission involves acquiring, developing, and managing property in Denver, specifically for leasing to the Housing Authority to support their charitable purposes. The intended space is designed to cater to the city's low-income elderly population. Vida Commercial Partners Inc operates as a supporting organization, aiming to alleviate governmental burdens. Their activities are geared towards real estate development and property management, including securing necessary financing for projects.

Is Vida Commercial Partners Inc legitimate?

Vida Commercial Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vida Commercial Partners Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Vida Commercial Partners Inc?

Vida Commercial Partners Inc is established with the primary objective of supporting a public entity, primarily for charitable purposes. The organization aims to facilitate the development of a property, intended for leasing to this public body, to cater to the low-income aging population. Vida Commercial Partners Inc also has a mandate to acquire, invest, encumber, develop, hold, operate, own, lease, construct, manage, or engage in any aspects of real estate development or property management related to the project. The organization's role is to lessen the burdens of government and engage in any lawful activities furthering its stated purposes.

Who is the CEO of Vida Commercial Partners Inc?

Nichole Ford is the Director And Treasurer of Vida Commercial Partners Inc.

What is the revenue of Vida Commercial Partners Inc?

Vida Commercial Partners Inc's revenue in 2022 was $761,438.

Who are the executives of Vida Commercial Partners Inc and what are their salaries?

There 3 volunteers at Vida Commercial Partners Inc.


Here are 4 key members and their salaries:


Nichole Ford (Director And Treasurer)
  • Compensation: $0
  • Related: $177,197
  • Other: $41,956
Melissa Rummel (Director And Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cameron Bertron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Tassano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Vida Commercial Partners Inc?

Vida Commercial Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Vida Commercial Partners Inc

Vida Commercial Partners Inc, a nonprofit organization, is established with a primary objective to support the Housing Authority of the City and County of Denver, Colorado. This public body corporate and political entity has a charitable purpose. Vida Commercial Partners' mission involves acquiring and investing in properties, with a specific focus on the nonresidential portions of a project known as Vida at Slans. This project aims to cater to the development and operation of any components that may be required for its completion.

In addition, Vida Commercial Partners engages in various real estate development and property management activities related to the project. This includes applying for and accepting various types of financing to facilitate the acquisition and completion of the project. The organization also operates as a supporting entity for the Authority, thereby lessening the burdens of government. Lastly, Vida Commercial Partners engages in any and all lawful activities that are in line with its purpose as a nonprofit corporation.

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Impact




October, 2024

Vida Commercial Partners Inc significantly impacts the Denver community by facilitating the development of properties that serve the low-income aging population. By acquiring property at 4007 W. Colfax Avenue, the organization plays a crucial role in transforming the space into a resource that supports the Housing Authority of the City and County of Denver. This development, known as Vida at Sloans, aims to address housing and service needs for vulnerable groups, contributing to the overall well-being of the community.

The project not only provides essential housing solutions but also aids the District by qualifying for specific financing options that the District itself may not have access to. This collaborative effort lessens the burdens of government while promoting sustainable community growth. Ultimately, Vida Commercial Partners Inc's initiatives contribute to improving the quality of life for Denver's residents, particularly among those who face economic challenges, thus fostering a healthier and more inclusive community environment.




This information is meant to be a general summary of Vida Commercial Partners Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$761,438 (2022)
Expenses
$515,332 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $376,681
  • Program Service Revenue: $370,324
  • Gross Receipts: $761,438

Assets and Liabilities:

  • Total Assets: $22,298,450
  • Total Liabilities: $22,665,817
  • Net Assets: -$367,367

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

NONDWELLING RENT-OFFIC

Revenue

$370,324

Organization Details

Founding Year

2017

Principal Officer

Nichole Ford

Main Address

PO BOX 40305, DENVER, CO, 802040305

NTEE Category

Code: L20 - Housing

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